summary
Introduced
02/03/2026
02/03/2026
In Committee
02/16/2026
02/16/2026
Crossed Over
02/27/2026
02/27/2026
Passed
Dead
Introduced Session
Fifty-seventh Legislature - Second Regular Session (2026)
Bill Summary
AN ACT amending section 43-1022, Arizona Revised Statutes; relating to taxation of income.
AI Summary
This bill amends Arizona Revised Statutes section 43-1022 to add a new subtraction from Arizona gross income for taxable years beginning after December 31, 2026, allowing individuals to subtract any net capital gain included in their federal adjusted gross income that comes from the sale or exchange of their primary residence, provided that the property was their primary residence for at least five of the preceding taxable years. This provision aims to reduce the tax burden on individuals selling their homes under specific long-term ownership conditions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Transmit to House (on 02/27/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.azleg.gov/BillStatus/BillOverview/85266 |
| Analysis - SENATE FACT SHEET: 02/17/2026 FIN Revised | https://apps.azleg.gov/BillStatus/GetDocumentPdf/537675 |
| Fiscal Note - FISCAL NOTE: As Introduced | https://apps.azleg.gov/BillStatus/GetDocumentPdf/537185 |
| Analysis - SENATE FACT SHEET: 02/05/2026 FIN | https://apps.azleg.gov/BillStatus/GetDocumentPdf/536240 |
| BillText | https://www.azleg.gov/legtext/57leg/2r/bills/sb1633p.htm |
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